AMZN Poised for Breakout or Pullback? Key Levels to Watch!Analysis:
Channel Trend:
AMZN has been trading within an ascending channel, showing a consistent upward trend over the past week. The price recently tested the upper trendline of the channel, indicating strong bullish momentum but also a potential point of exhaustion.
Volume Analysis:
Volume has been decreasing slightly during the most recent rally, suggesting possible weakening buying pressure. Watch for a volume spike as confirmation of a breakout or potential reversal.
Moving Averages:
The 9 EMA and 21 EMA are providing dynamic support, with the price currently trading above both. This indicates strong short-term bullish sentiment. However, a break below these EMAs could signal a potential pullback.
Key Support and Resistance Levels:
Immediate Resistance: $212.25 (Recent high and upper channel boundary)
Support Levels:
First Support: $204.41 (previous breakout level)
Second Support: $200.43 (psychological and strong support zone)
Critical Support: $197.57 (breakdown level below which the bearish sentiment could accelerate)
MACD Analysis:
MACD is currently bullish, but the lines are converging, hinting at potential momentum loss. A bearish crossover could indicate a pullback or consolidation phase.
Price Action Expectation:
Bullish Scenario: If AMZN breaks above $212.25 with increased volume, it could test the next psychological level of $215. Monitor the breakout and watch for a retest of the upper channel as confirmation.
Bearish Scenario: Failure to hold above $204.41 could lead to a pullback towards $200.43, where buyers may step in. A break below $197.57 could shift the momentum to the downside.
Conclusion:
Given the broader market rally over the last two days, AMZN may continue its upward momentum. However, traders should watch for potential resistance at the upper trendline and be prepared for a possible pullback, especially if volume does not support the current rally.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Please perform your own research or consult with a financial advisor before making trading decisions.
AMZN trade ideas
AMZN pullback to $196MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
(Buy puts or buy AMZD)
Price at top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM spiked positive
Price at Fibonacci level
In at $205.25
Target is $196 or channel bottom
Stop loss is $208
Amazon: Significant Breakout!The resistance at $189.76 has recently been a major hurdle for the AMZN stock. Since April, the price has essentially been moving sideways along this level, with each breakout attempt being sold off. As envisioned by our primary wave count, the stock has now managed a breakout above $189.76, developing a first impulsive move toward a new all-time high. We expect a more substantial correction only after the larger beige wave III has found its top at a higher level. An earlier sell-off remains possible as part of our 30% likely alternative scenario: this alternative count suggests that the recent peak was the top of the beige alt. b wave, which would lead to a pullback below $145.86 and a fresh low of the overarching blue wave alt. (IV).
AMZN Today Nov. 7, 2024Price Action & Trend:
Amazon is following an ascending channel pattern with a series of higher highs and higher lows, suggesting a strong uptrend.
The price is near the top of the channel, indicating potential resistance. If it breaks above this channel on high volume, it may continue the bullish momentum. Otherwise, it could face selling pressure and move back down toward the lower trendline.
Key Levels:
Resistance: Around $208. This level is just under the top of the channel, so it may act as a strong resistance zone. A breakout above $208 with solid volume could indicate further upside potential.
Support: Around $200 - This is the first support level within the channel and a potential area where buyers might step in on a pullback.
Lower Support Zone: Around $197 and $194 - These levels serve as additional support in case of a deeper pullback.
Volume & Momentum:
Volume seems to increase on upward moves, supporting the bullish trend. However, it’s crucial to monitor for potential volume decline if AMZN tests the resistance.
MACD shows potential overbought conditions, indicating a chance for a pullback or consolidation. Watch for a bearish divergence if momentum weakens near the channel top.
Potential Scenarios:
Bullish: If Amazon breaks above $208 with significant volume, it may continue to rise. Intraday traders could consider entering on a confirmed breakout, targeting further upside within the channel's extension.
Bearish: If AMZN is rejected at the $208 resistance, it could drop to the $200 level or lower support zones, presenting potential shorting opportunities on rejections at resistance or a breakdown below $200.
Disclaimer
This analysis is for informational purposes only and is not financial advice. Always do your own research or consult a financial professional before making trading decisions. Trading involves risks, and past performance is not indicative of future results.
AMZNI was short on amzn a few weeks ago, obv closd that position at a loss...
Looks like Amazon just broke out of a wedge pattern and is on the move. I’m in with $215 strike calls, targeting $217 in the short term. If this momentum keeps up, we could see it push into the $230s by the end of the month—that would be a nice bonus!
$AMZN IS ABOUT TO EXPLODE! BUY NOW OR FOMO LATERNASDAQ:AMZN
💥 NASDAQ:AMZN IS ABOUT TO EXPLODE! 💥
I first called out NASDAQ:AMZN on October 21st as it was setting up for a huge move and CupnHandle breakout. Here's 3 reasons to not miss this investing or trading opportunity. Price targets at the end.
1.) HIGH FIVE SETUP (Check the numbers below and you will see. 1-Breaking out of cupnhandle & symmetrical triangle pattern. 2-Volume profile gap from a volume shelf. 3-Uptrending MACD. 4-Higher Highs on RSI. 5-Uptrending Stoch. (trend).
2.) #Amazon margins and FCF are growing rapidly and will continue this uptrend heading into the holiday season with a RESILIENT AMERICAN CONSUMER.
3.) It's a BUY according to the fundamentals especially when valuing this company according to it's Discounted Cash Flow (DCF).
Intrinsic Value: $250
🎯PT1: $231 (Symmetrical triangle measured move)
🎯PT2: $310 (Multi-year CupnHandle Measure Move)
Are you a shareholder? or Are you trading this name?
I'm done for the day! Going to be with my wife on her birthday and go trick or treating with my boys. Thanks for all the support, much love!
LIKE l FOLLOW l SHARE
HAPPY HALLOWEEN!
#Earnings
NFA
Amazon (AMZN): Approaching critical resistance!Amazon continues its impressive rise, moving out of our initial sharp Wave (2) scenario. Despite the bullish momentum fueled by last Thursday’s earnings report, we remain cautious and are still leaning towards a potential larger pullback. The company showed strong performance in key segments, with CEO Andy Jassy’s strategic focus on expenditure and cost-cutting delivering an 11% revenue increase to $158.9 billion, surpassing analysts’ expectations.
Now, Amazon has reached our second key turnaround zone, between $201 and $220. A move higher would invalidate our bearish outlook, but until then, we are preparing for a potential pullback and targeting lower entry points to capitalize on future upward swings. The stock has recently posted a nearly perfect equal high, alongside a bearish divergence, which could signal an upcoming correction.
The looming U.S. elections could inject significant volatility into Amazon’s price action, with potential wicks forming in either direction. While a move up to $220 would still be considered valid within this structure, we are closely monitoring these levels. As always, we will update you once the bearish scenario is confirmed or invalidated.
AMAZON | AMZN , Jeff is back? While Jeff Bezos, fiancée Lauren Sánchez have star studded engagement party on his $500M yacht Amazon has just reported its Q2 2023 earnings result, EPS of 65 cents is not comparable on YoY basis nor to consensus due to the company booking some gains related to its Rivian Automotive, Inc (RIVN) investment. Revenue of $134.3 billion beat consensus by about 2% while showing a YoY jump by nearly 11%. As an immediate reaction, the stock is up nearly 8% after-hours, although this can turn on a dime.I wrote in my preview that Amazon still remains a revenue story and to pay attention to Q2's actual revenue and Q3's revenue guidance. Amazon hit it out of the park on both counts, with Q2 revenue showing an 11% jump and Q3 guidance of $138 billion to $143 billion, easily upping the consensus of $138.29 billion.
As a direct effect of the company reining in on its expenses, Amazon's Free Cash Flow ("FCF") in Q2 2023 improved to almost $8 billon compared to -$23.5 billion in Q2 2022. Headcount is now down 4% YoY.Advertising, which I've highlighted as the next growth driver in many of my past articles, was up 22% YoY. But, more importantly, resumed its upward trajectory on a quarterly basis. Advertising services revenue showed continuous QoQ improvement until the first blip in Q1 2023. Whether Q2's upsurge is a new trend remains to be seen, but it is encouraging that Q2 did not follow Q1 down. I am also glad that my prediction that advertising will cross $10 billion in sales came true.It appears like retail has finally stopped bleeding profusely to avoid wasting all the gains from AWS and Advertising. In my view, retail is just their medium to sell their ecosystem, and this is acceptable to me.
Heading into earnings, Amazon stock was almost into the oversold territory with a Relative Strength Index ("RSI") of 37. Revenue beat and guidance should help the stock garner more analyst support in the upcoming days, and I fully expect the stock's almost-oversold conditions to be in the stock's favor as it has plenty of room upwards technically. The after-hours move has also helped the stock clear all of the commonly used moving averages.AWS's revenue and operating income appeared to be on a perennial, mid-double-digit growth trajectory until recently. However, Q2 saw AWS' sales increase by "just" 12% while operating income fell by more than 5%. It is in this context that advertising services becomes even more important. While $22 billion is strong, it fell well short of the $25 billion I predicted, as the company aims to cross $100 billion in 2023 AWS revenue.
The stock was already up 50% YTD heading into earnings and the run appears set to continue. I am not complaining as a long, but it shouldn't surprise anyone to see the stock pullback from the highs given the market's shaky behavior the last few days.
Overall, Q2 results are much better than Q1, and that shows in the stock's performance, at least as shown in the after-hours price movement. However, Amazon has never been a single quarter or single year story for me. Amazon's ecosystem is enough reason for me to continue believing in the company long-term. The ability to leverage multiple products and services across the entire organization is not something any company can build overnight. In fact, even Amazon has taken nearly 30 years to be the company that it is today
Be careful with Amazon !!!In my opinion, the shares of this company should be 1.5% lower than the current price, which means at $186.5 .
So, any correction in the shares of tech giants is an opportunity for investment entry....
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Pulse of an Asset via Fibonacci: AMZN at ATH Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
Part of my ongoing series to collect examples of my Methodology: (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
.
.
Ordered Chaos
every Wave is born from Impulse,
like a Pebble into Water.
every Pebble bears its own Ripples,
gilded of Ratio Golden.
every Ripple behaves as its forerunner,
setting the Pulse.
each line Gains its Gravity.
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
.
.
.
want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
Amazon (AMZN) - Potential H&S Reversal, Watch for BreakdownOverview:
Amazon (NASDAQ: AMZN) appears to be forming a Head and Shoulders pattern, which is often a bearish reversal indicator. The left shoulder, head, and right shoulder are clearly defined, with the neckline situated near the $180-$176 zone. If the price breaks below this area, it could signal a larger move downward.
Technical Setup:
Pattern: Head and Shoulders
Neckline Support: ~$180 - $176 (critical support area)
Trendline: Red ascending trendline, currently serving as additional support
Target Zone: Potential drop toward $168 or lower if the pattern confirms
Price Action:
The recent pullback from the right shoulder aligns with the overall pattern, and a daily close below $176 could confirm the reversal.
Watch for a bounce off the neckline for a potential short-term trade; otherwise, a breakdown could lead to a deeper correction.
Risk Management:
A sustained move above the right shoulder (~$190) would invalidate the bearish setup and suggest a continuation of the uptrend.
Catalysts:
Upcoming earnings and market sentiment around consumer spending could influence the stock’s direction, potentially acting as a catalyst for the breakdown or reversal.
AMZNAmazon's stock is one of the strong performers in the market and is currently at a significant resistance level between (186.53$_ 201.20$) However, it remains above the upward trend. I anticipate it may drop to the demand zone directly, or it could make a false breakout before eventually dropping to the demand zone between (141.18$_127$)
stop loss closing above 216.66$
AMZN 50%+ UPSIDE!!! CUP N HANDLE PATTERN! BREAKDOWN BELOW:NASDAQ:AMZN #Earnings #BlackFriday
I PRESENT TO YOU: 🎁
🔜 THE NEXT 3T MKT CAP COMPANY
Behold the beautiful CUP 🍵& Handle 👌#chartpatterns #trading #tradingstrategy #Stock
This tea is going to taste delicious when we finally break over $201.20. NASDAQ:AMZN has been a laggard and it's time for them to play a little catch up! 🧧
Not much explaining needed with this one...Cup n Handle breakout means we are going to the measured move destination of...🥁🥁🥁....$310.69 ‼️‼️‼️
CATALYST: 😼
✔️Continued AWS growth and dominance!
✔️Stellar holiday quarter (best quarter of ea. year)
✔️MONEY PRINTER (ATH Free Cash Flows (FCF)
✔️Better margins and #3 player in Ad space!
NASDAQ:AMZN is a 17% in my LT portfolio. Also, I have several options plays on this name. Gonna be a fun ride! 🎢
Like and follow for more great charting and stock talk!
Not financial advice 🖖 NASDAQ:QQQ AMEX:SPY AMEX:IWM NASDAQ:BIVI
Amazon.comHello community,
A little analysis of Amazon stock.
We must watch the break of the trend line.
The movement is bullish, the 200-period simple average is bullish.
The 3 green zones on the chart indicate the accumulation zones.
The end-of-year holidays should be beneficial for the stock.
Make your opinion, before placing an order.
► Thank you for boosting, commenting, subscribing!
Amazon still updateHi traders according to my view n my strategy Amazon it's still valid for possible buys,here is trading tip:the bigger the time frame the stronger the signal,the smaller the time frame the weaker the signal,do you want to win most of your trades n loose less?follow me first n learn the way I analyze, make sure before you start analyzing you know what kind of market you are going to analyze,either down trend or uptrend or range,listen very carefully if you won't find the trend you are simple not going to do the right analysis at first,cz you don't know were market is trending,if you wanna change n become real profitable use bigger time to analyze find entries in smaller time frame like h4 n d1 it's gonna help you to build confidence n stronger mentality than when you just trading using 5 minets the mindset of longterm trader n scalper are not the same one can control emotions n hold trade for long one can't stay negativity n just wanna see profit after they open trades or loose that mentality can't be the same,a rich will keep on getting richer each n everyday because big money big return,can you struggle to buy Amazon at the current price with 10k n hold n make 10 times of this 10k you can but because you are in hurry n can't relax your mind,you don't know what to do but you can see the money n how you can make it fear and short term trade can makes you be afraid of the market n can simple end your career train your mindset to be stronger than your feelings control your system n manage to see directions n trend from distance,
Amazon still updateHi traders according to my view n my strategy Amazon it's still valid for possible buys,here is trading tip:the bigger the time frame the stronger the signal,the smaller the time frame the weaker the signal,do you want to win most of your trades n loose less?follow me first n learn the way I analyze, make sure before you start analyzing you know what kind of market you are going to analyze,either down trend or uptrend or range,listen very carefully if you won't find the trend you are simple not going to do the right analysis at first,cz you don't know were market is trending,if you wanna change n become real profitable use bigger time to analyze find entries in smaller time frame like h4 n d1 it's gonna help you to build confidence n stronger mentality than when you just trading using 5 minets the mindset of longterm trader n scalper are not the same one can control emotions n hold trade for long one can't stay negativity n just wanna see profit after they open trades or loose that mentality can't be the same,a rich will keep on getting richer each n everyday because big money big return,can you struggle to buy Amazon at the current price with 10k n hold n make 10 times of this 10k you can but because you are in hurry n can't relax your mind,you don't know what to do but you can see the money n how you can make it fear and short term trade can makes you be afraid of the market n can simple end your career train your mindset to be stronger than your feelings control your system n manage to see directions n trend from distance,
AMZN Technical Analysis on October 29, 2024:Key Levels
Resistance:
190.45 - 191.52: Major resistance range where AMZN previously faced selling pressure. Breaking above this could signal bullish momentum.
188.34 - 188.26: Short-term resistance zone. A break above this level may open the path to retest higher resistance levels.
Support:
187.49 - 187.83: Key support zone. If AMZN holds this range, it could provide a bounce opportunity.
184.71 - 183.69: Strong support levels; a break below here could signal further downside risk.
180.93 - 182.00: Major support zone; likely to attract buyers if the price retraces to this level.
Entry/Exit Points
Scalping:
Entry: Consider entering near 187.83 if AMZN shows buying interest with a potential target around 188.34.
Exit: Exit scalps before reaching resistance zones at 188.34 or on signs of reversal near 190.45.
Swing Trading:
Entry: Watch for a pullback to 184.71 for a potential swing entry if the price consolidates around this level.
Exit: Consider exiting near 190.45 if bullish momentum supports a continued rally.
Directional Suggestion
Bullish Bias: If AMZN can maintain above 187.83 and break through 188.34, with a potential target at 190.45.
Bearish Bias: If AMZN fails to hold above 183.69, it may signal a possible move down towards 182.00.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consider consulting a financial advisor before trading.
AMZN Amazon Options Ahead of EarningsIf you haven`t bought AMAZN before the previous earnings:
Now analyzing the options chain and the chart patterns of AMZN Amazon prior to the earnings report this week,
I would consider purchasing the 190usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $11.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.